Caerphilly-based investor secures semi-commercial loan from Cambridge & Counties Bank to redevelop mixed-use local properties

A successful Caerphilly-based property investor, trading as Gaffa Property Investments Ltd, has secured a £245,000 semi-commercial loan from Cambridge & Counties Bank as part of the purchase and redevelopment of a set of four commercial units and a residential property in Ystrad Mynach, a town five miles north of Caerphilly in Wales.

The four commercial properties host a number of local businesses including an estate agent, beauty salon and coffee shop. Paul Griffiths, Director of Gaffa Property Investments Ltd as well as a highly experienced local property developer and investor, has undertaken extensive refurbishment and modernisation work on the buildings, including an extension.

Semi-commercial properties have a commercial and a residential element, most commonly in the form of shops which have flats above them. Semi-commercial loans are a highly effective means to finance such assets and, for investors, can help diversify a portfolio through a mix of short-hold tenancy agreements (residential) and longer leases.

Paul Griffiths, director of Gaffa Property Investments Ltd, said: “The funding from Cambridge & Counties Bank has been key to helping us maximise the value of these mixed-use assets. There are significant opportunities for property investors in sub-markets such as this one the region around Caerphilly, and we’re delighted to be able to realise our ambitions.”

Andrew Arnold, relationship manager at Cambridge & Counties Bank, said: “Semi-commercial loans can be a perfect funding tool for investors looking to finance certain assets and at Cambridge & Counties Bank, we offer a competitive product proposition. Semi-Commercial properties come with the potential for higher yields, increased tax benefits and the ability to spread risk, and we are here to help secure funding for semi-commercial investment opportunities either directly or via commercial brokers.”

The bank was introduced to the client by Ian Pottle, operations director at Cornerstone Commercial Finance, who added: “We were delighted to have been involved in supporting this exciting new development for Gaffa Property. Having had prior experience of working with Cambridge & Counties Bank, there was no doubt that the team’s skill set, flexibility and speed were crucial in securing funding for this project.”